If, in 1999, General Mills' business performed as reported but had an ITO of 7.8 instead of
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If, in 1999, General Mills' business performed as reported but had an ITO of 7.8 instead of 6.1, how much less cash would have been tied up in inventory? What would its new ROA have been if this cash was used to pay down debt. Assume a marginal tax rate of 30% on income and an interest rate of 3% on debt.
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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